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243 Lane Avenue North

Jonathan More Of Mayfair Investment Partners Sells Industrial Asset In Jacksonville For $7M
SOLDIndustrial

Jonathan More Of Mayfair Investment Partners Sells Industrial Asset In Jacksonville For $7M

243 Lane Avenue North

$7,000,000

$73/SF

Building Size

95,000 SF

Asset Type

Industrial

Closing

Feb 13, 2026

AI

The property asset involved in this transaction is an industrial building located at 243 Lane Avenue North in Jacksonville. The transaction was completed for a sale price of $7,000,000 and encompasses a total space of 95,000 square feet, leading to a price per square foot of $73.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,000,000
  • Sale Date: 02/13/2026
  • Seller: Jonathan More - Mayfair Investment Partners
  • Seller's Representative: Kyle Fisher & Kyle Murphy - CBRE

The deal was primarily handled by Kyle Fisher and Kyle Murphy, who acted as the representatives for the seller, Jonathan More, in this transaction involving Mayfair Investment Partners. Their roles were instrumental in facilitating the sale process and ensuring all parties were aligned throughout the transaction.

Players

Kyle Fisher

CBRE

Broker

$52.9M

vol

3 deals

Broker
MP
Mayfair Investment PartnersSeller

Jacksonville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93